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<p>The Government created the Oil and Gas Authority (OGA) to regulate, influence and
promote the UK oil and gas industry in order to maximise the economic recovery of
the UK’s oil and gas resources. The OGA has developed an exploration strategy (<a
href="https://www.ogauthority.co.uk/news-publications/publications/2016/exploration-strategy/"
target="_blank">https://www.ogauthority.co.uk/news-publications/publications/2016/exploration-strategy/</a>),
with strong input from the industry and government, which includes working with the
industry to enhance exploration investment, integrate exploration into regional development
plans, and license underexplored and more mature areas of the UK Continental Shelf
(UKCS).</p><p>The Government has also provided £45 million of funding for seismic
acquisition programmes in under-explored areas of the UKCS to support this activity.</p><p>In
May 2018, the OGA offered for award 123 licences over 229 blocks or part-blocks to
61 companies in the 30th Offshore Licensing Round. These successful awards act as
a strong platform for future exploration and production across the UKCS and can help
transform exploration activity levels.</p>
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